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Side-by-side financial comparison of Nerdy Inc. (NRDY) and RIGEL PHARMACEUTICALS INC (RIGL). Click either name above to swap in a different company.

RIGEL PHARMACEUTICALS INC is the larger business by last-quarter revenue ($69.8M vs $49.1M, roughly 1.4× Nerdy Inc.). RIGEL PHARMACEUTICALS INC runs the higher net margin — 384.0% vs -18.8%, a 402.9% gap on every dollar of revenue. On growth, RIGEL PHARMACEUTICALS INC posted the faster year-over-year revenue change (21.2% vs 2.3%). Over the past eight quarters, RIGEL PHARMACEUTICALS INC's revenue compounded faster (53.7% CAGR vs -4.4%).

Nerdy Inc. is a leading U.S.-based edtech firm best known for operating the Varsity Tutors platform, offering live one-on-one tutoring, on-demand courses, test prep resources, and skill-building content. It serves K-12 students, higher ed learners, and working professionals across hundreds of academic and professional subject areas.

Rigel Pharmaceuticals Inc is a clinical-stage biotechnology company focused on developing and commercializing targeted small molecule therapies for autoimmune, inflammatory, and hematologic diseases. Its approved flagship product treats adult immune thrombocytopenia, with primary operations and core markets in the United States, addressing unmet medical needs for underserved patient groups.

NRDY vs RIGL — Head-to-Head

Bigger by revenue
RIGL
RIGL
1.4× larger
RIGL
$69.8M
$49.1M
NRDY
Growing faster (revenue YoY)
RIGL
RIGL
+18.9% gap
RIGL
21.2%
2.3%
NRDY
Higher net margin
RIGL
RIGL
402.9% more per $
RIGL
384.0%
-18.8%
NRDY
Faster 2-yr revenue CAGR
RIGL
RIGL
Annualised
RIGL
53.7%
-4.4%
NRDY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NRDY
NRDY
RIGL
RIGL
Revenue
$49.1M
$69.8M
Net Profit
$-9.2M
$268.1M
Gross Margin
51.0%
91.5%
Operating Margin
-28.3%
33.2%
Net Margin
-18.8%
384.0%
Revenue YoY
2.3%
21.2%
Net Profit YoY
8.9%
1769.2%
EPS (diluted)
$-0.07
$14.11

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
NRDY
NRDY
RIGL
RIGL
Q4 25
$49.1M
$69.8M
Q3 25
$37.0M
$69.5M
Q2 25
$45.3M
$101.7M
Q1 25
$47.6M
$53.3M
Q4 24
$48.0M
$57.6M
Q3 24
$37.5M
$55.3M
Q2 24
$51.0M
$36.8M
Q1 24
$53.7M
$29.5M
Net Profit
NRDY
NRDY
RIGL
RIGL
Q4 25
$-9.2M
$268.1M
Q3 25
$-12.3M
$27.9M
Q2 25
$-7.9M
$59.6M
Q1 25
$-10.5M
$11.4M
Q4 24
$-10.1M
$14.3M
Q3 24
$-15.9M
$12.4M
Q2 24
$-9.1M
$-1.0M
Q1 24
$-7.4M
$-8.2M
Gross Margin
NRDY
NRDY
RIGL
RIGL
Q4 25
51.0%
91.5%
Q3 25
62.9%
93.2%
Q2 25
61.5%
95.6%
Q1 25
58.0%
91.7%
Q4 24
66.6%
89.9%
Q3 24
70.5%
85.5%
Q2 24
65.7%
92.4%
Q1 24
68.0%
93.1%
Operating Margin
NRDY
NRDY
RIGL
RIGL
Q4 25
-28.3%
33.2%
Q3 25
-51.5%
40.9%
Q2 25
-27.1%
60.1%
Q1 25
-34.8%
23.9%
Q4 24
-34.0%
28.9%
Q3 24
-68.5%
25.4%
Q2 24
-29.9%
1.2%
Q1 24
-23.9%
-23.6%
Net Margin
NRDY
NRDY
RIGL
RIGL
Q4 25
-18.8%
384.0%
Q3 25
-33.2%
40.2%
Q2 25
-17.4%
58.6%
Q1 25
-22.1%
21.5%
Q4 24
-21.1%
24.9%
Q3 24
-42.4%
22.5%
Q2 24
-17.8%
-2.8%
Q1 24
-13.9%
-27.9%
EPS (diluted)
NRDY
NRDY
RIGL
RIGL
Q4 25
$-0.07
$14.11
Q3 25
$-0.10
$1.46
Q2 25
$-0.07
$3.28
Q1 25
$-0.09
$0.63
Q4 24
$-0.09
$0.82
Q3 24
$-0.14
$0.70
Q2 24
$-0.08
$-0.06
Q1 24
$-0.07
$-0.47

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NRDY
NRDY
RIGL
RIGL
Cash + ST InvestmentsLiquidity on hand
$47.9M
$155.0M
Total DebtLower is stronger
$52.5M
Stockholders' EquityBook value
$19.0M
$391.5M
Total Assets
$76.2M
$513.6M
Debt / EquityLower = less leverage
0.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NRDY
NRDY
RIGL
RIGL
Q4 25
$47.9M
$155.0M
Q3 25
$32.7M
$137.1M
Q2 25
$36.7M
$108.4M
Q1 25
$44.9M
$77.1M
Q4 24
$52.5M
$77.3M
Q3 24
$65.0M
$61.1M
Q2 24
$69.8M
$49.1M
Q1 24
$77.0M
$49.5M
Total Debt
NRDY
NRDY
RIGL
RIGL
Q4 25
$52.5M
Q3 25
$60.0M
Q2 25
$60.0M
Q1 25
$60.0M
Q4 24
$60.0M
Q3 24
$60.0M
Q2 24
$60.0M
Q1 24
$60.0M
Stockholders' Equity
NRDY
NRDY
RIGL
RIGL
Q4 25
$19.0M
$391.5M
Q3 25
$24.3M
$117.6M
Q2 25
$31.8M
$81.9M
Q1 25
$34.4M
$18.6M
Q4 24
$39.5M
$3.3M
Q3 24
$43.3M
$-14.6M
Q2 24
$52.2M
$-29.9M
Q1 24
$52.8M
$-31.7M
Total Assets
NRDY
NRDY
RIGL
RIGL
Q4 25
$76.2M
$513.6M
Q3 25
$70.4M
$242.5M
Q2 25
$73.7M
$206.7M
Q1 25
$83.0M
$176.0M
Q4 24
$92.5M
$164.0M
Q3 24
$106.8M
$139.4M
Q2 24
$111.3M
$128.4M
Q1 24
$121.3M
$126.5M
Debt / Equity
NRDY
NRDY
RIGL
RIGL
Q4 25
0.13×
Q3 25
0.51×
Q2 25
0.73×
Q1 25
3.23×
Q4 24
18.25×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NRDY
NRDY
RIGL
RIGL
Operating Cash FlowLast quarter
$-2.9M
$22.0M
Free Cash FlowOCF − Capex
$-4.3M
FCF MarginFCF / Revenue
-8.7%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
0.08×
TTM Free Cash FlowTrailing 4 quarters
$-24.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NRDY
NRDY
RIGL
RIGL
Q4 25
$-2.9M
$22.0M
Q3 25
$-2.4M
$24.0M
Q2 25
$-7.0M
$30.5M
Q1 25
$-6.4M
$-893.0K
Q4 24
$-11.3M
$14.5M
Q3 24
$-3.1M
$21.7M
Q2 24
$-5.6M
$302.0K
Q1 24
$4.4M
$-5.0M
Free Cash Flow
NRDY
NRDY
RIGL
RIGL
Q4 25
$-4.3M
Q3 25
$-4.1M
Q2 25
$-8.2M
Q1 25
$-7.6M
Q4 24
$-12.5M
Q3 24
$-5.0M
Q2 24
$-7.1M
Q1 24
$2.1M
FCF Margin
NRDY
NRDY
RIGL
RIGL
Q4 25
-8.7%
Q3 25
-11.2%
Q2 25
-18.1%
Q1 25
-16.0%
Q4 24
-26.0%
Q3 24
-13.3%
Q2 24
-14.0%
Q1 24
4.0%
Capex Intensity
NRDY
NRDY
RIGL
RIGL
Q4 25
2.7%
Q3 25
4.6%
Q2 25
2.6%
Q1 25
2.5%
Q4 24
2.4%
Q3 24
5.2%
Q2 24
3.0%
Q1 24
4.1%
Cash Conversion
NRDY
NRDY
RIGL
RIGL
Q4 25
0.08×
Q3 25
0.86×
Q2 25
0.51×
Q1 25
-0.08×
Q4 24
1.01×
Q3 24
1.75×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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